Able Q3 revenue rises 4.9%, beats estimates

Overview

• Cybersecurity firm's preliminary Q3 revenue grew 4.9% yr/yr, beating analyst expectations

• Preliminary adjusted EPS for Q3 beat analyst expectations

• Company repurchased about 5% of outstanding shares in Q3

Outlook

• N-able sees Q4 revenue between $133 mln and $134 mln

• Company expects Q4 adjusted EBITDA of $39.6 mln to $40.6 mln

• N-able updates 2026 full-year ARR outlook to $558 mln–$560 mln

Result Drivers

• INNOVATION AND EXECUTION - Co attributed results to ongoing product innovation and focus on go-to-market execution, per CEO John Pagliuca

• AI-POWERED PLATFORM - Launch of AI-driven vulnerability and patch management tools contributed to product offering expansion

• PARTNERSHIP EXPANSION - Expanded partnership with SentinelOne broadened security offerings and market reach

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the software peer group is "buy."

• Wall Street's median 12-month price target for N-Able Inc is $4.00, about 21.1% below its November 4 closing price of $5.07

• The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)